Net Interest Income (Tables)

3 Months Ended

Mar. 31, 2023

Banking and Thrift, Interest [Abstract]

Schedule of Components of Interest Income and Interest Expense

The following table presents interest expense from the Convertible Notes for the three months ended March 31, 2022 (dollar amounts in thousands):


	For the Three Months Ended March 31, 2022
Contractual interest expense	$	335
Amortization of underwriter's discount and deferred charges	103
Total	$	438

The following table details the components of the Company's interest income and interest expense for the three months ended March 31, 2023 and 2022, respectively (dollar amounts in thousands):


	For the Three Months Ended March 31,
	2023		2022
Interest income
Residential loans
Residential loans	$	16,954	$	24,834
Consolidated SLST	8,733		9,380
Residential loans held in securitization trusts	24,721		16,633
Total residential loans	50,408		50,847
Multi-family loans	2,436		2,951
Investment securities available for sale	3,169		4,675
Other	1,123		28
Total interest income	57,136		58,501
Interest expense			.
Repurchase agreements	13,068		5,531
Collateralized debt obligations
Consolidated SLST	6,315		5,978
Residential loan securitizations	17,376		7,456
Total collateralized debt obligations	23,691		13,434
Convertible notes	—		438
Senior unsecured notes	1,614		1,603
Subordinated debentures	962		459
Total interest expense	39,335		21,465
Net interest income	$	17,801	$	37,036